📊 Technical Overview (1‑Hour Chart)

Trend: Slightly bearish to neutral. CentralCharts shows approx 60 % short-term moving average signals bearish and mixed signals overall .

RSI (14): Around 57–60, indicating neutral momentum (not overbought or oversold) .

Support Levels: ~$3,600 (pivot), ~$3,620 and ~$3,780 .

Resistance Levels: ~$3,850, ~$3,870 and ~$3,900 (near intraday highs) .

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🎯 Fundamental Insight

Ethereum is building strong strength due to its transition to proof‑of‑stake (PoS) and institutional interest increasing demand. However, macro uncertainty (e.g., USD strength) could apply short-term pressure .

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🔍 Trade Setup (Safe Scalping)

Direction Entry Zone Stop Loss (SL) Profit Target (TP) Reward / Risk

Long (Buy) $3,610–$3,620 $3,580 (below first support) $3,670–$3,680 ~1.5x
Short (Sell) $3,840–$3,850 $3,870 (above resistance) $3,780–$3,760 ~1.5x

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✅ Trade Type & Strategy

Type: Short-term scalp or intraday swing on 1‑hour chart.

Trend: Slight bearish bias but mixed; long entry preferred near support bounce, while short entry only if price rallies back up near resistance.

Use low leverage (≤ 3x) or plain spot buy/sell to reduce liquidation risk.